# § 2-3 Board functions.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

## § 2-3 Board functions.

Balt., Md., Code art. 22A, § 2-3 (2026)

(a) The Board of Trustees serves both:

  (1) in an administrative capacity, as described in subsection (b) of this section; and

  (2) as trustee of Plan assets, as described in subsection (c) of this section.

(b) Subject to <cite data-path="|22A|§2-8">§ 2-8 {“Retention of services; Right of reliance”} of this subtitle</cite>, the Board is responsible for:

  (1) the general administration and proper operation of the Plan; and

  (2) effectuating the provisions of <cite data-path="|22A">this article</cite>.

(c)

  (1) The Board is the trustee of the Plan assets.

  (2) Subject to <cite data-path="|22A|§2-8">§ 2-8 {“Retention of services; Right of reliance”} of this subtitle</cite>, the Board is responsible for:

    (i) selecting investment funds (including a default investment fund) under <cite data-path="|22A|§6-2">§ 6-2 {“Accounts: Investments”} of this article</cite>;

    (ii) monitoring these investment funds on an ongoing basis; and

    (iii) adding or replacing these investment funds as the Board considers prudent.

(d) Subject to <cite data-path="|22A|§2-8">§ 2-8 {“Retention of services; Right of reliance”} of this subtitle</cite>, the Board is responsible for any other assets assigned to the Board by the City.  The scope of the Board’s responsibility is determined by the terms of the assignment.

*History: Ord. 14-216*

*History: Ord. 15-329*

*History: Ord. 20-458*